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How Farfetch is predicting the future of fashion in Web3

August 9, 2022 by www.fastcompany.com

advertisement advertisement If Web1 was about “read” and Web2 was about “read and write,” then Web3 is about “read, write, and own,” says Farfetch Founder and CEO José Neves. On this week’s Most Innovative Companies podcast, Neves explains what Web3 is and what it’s capable of through the lens of fashion and culture, drawing from his experience founding and growing Farfetch, the online luxury fashion retail platform. Fashion, Neves says, is a deeply human endeavor and a core part of who we are as individuals. Fashion allows us to apply different “masks” based on how we feel, who we want to be, or what we want to portray on any given day. “It’s your second persona that is with you every single day and therefore technology should be at the service of that, not replacing that,” he says. “[At Farfetch] we always think of technology as enhancing the human interaction between curators, creators, and levels of fashion, as opposed to replacing that human … [Read more...] about How Farfetch is predicting the future of fashion in Web3

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Sonic Auto Hires VaynerMedia Ad Agency, To Take Its EchoPark Used Car Brand National

August 9, 2022 by www.forbes.com

Share to Twitter Share to Linkedin In case you never heard of the EchoPark chain of used-car stores — you probably will. Sonic Automotive Inc. is hiring advertising agency VaynerMedia to handle all aspects of nationwide marketing and advertising for Sonic’s EchoPark Automotive chain of used-car-only stores. That’s a significant milestone towards making EchoPark a truly national brand. Up to now, Sonic’s EchoPark locations were too few, and too scattered, to make coast-to-coast marketing and advertising worthwhile. “We always knew we wanted to create a national brand. We feel like now is the time,” said David Smith, Sonic chairman and CEO, in a phone interview. “Before, we had a lot more targeted advertising, and we couldn’t afford national advertising,” for the EchoPark brand. Gary Vaynerchuk, CEO of VaynerMedia, New York, said in a separate phone interview that having a single agency responsible for creative, strategic, analytical, … [Read more...] about Sonic Auto Hires VaynerMedia Ad Agency, To Take Its EchoPark Used Car Brand National

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Cradle, Microsoft Malaysia collaborate to empower startups in Malaysia

August 9, 2022 by www.theedgemarkets.com

- A + A KUALA LUMPUR (Aug 9): Cradle Fund Sdn Bhd and Microsoft Malaysia will collaborate in empowering startups in Malaysia to scale innovative results at a global level. The collaboration through the signing of a memorandum of understanding (MOU) between Cradle, an agency under the Ministry of Science, Technology and Innovation (MOSTI), and Microsoft will provide access to upskilling opportunities and technical guidance for startups to improve capabilities. Besides that, the MOU will also provide startups with access to the Microsoft Mentor Network, along with free access to GitHub Enterprise and productivity boosts with Microsoft 365 and Azure cloud credits of up to US$150,000 (US$1=RM4.45) to build their products. Minister of Science, Technology and Innovation Datuk Seri Dr Adham Baba, who witnessed the signing, said the collaboration would be a catalyst for more active growth and development for startups in Malaysia. “The collaboration between Cradle and … [Read more...] about Cradle, Microsoft Malaysia collaborate to empower startups in Malaysia

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This news outlet is exposing Big Tech’s practices by building its own tech tools

May 3, 2022 by www.fastcompany.com

In 2020, 56% of Americans agreed that journalists were purposely trying to mislead people, illustrating an unprecedented dip in confidence in the press. With that backdrop, and in an election year with peak political polarization, rolling out a brand-new media publication was “absurd,” admits Nabiha Syed, president of The Markup , a digital outlet focused on holding tech companies accountable. “How are we going to get people to trust us when they’ve never heard of us, especially when we are interrogating tools that people are using and are sometimes beloved?” advertisement advertisement But the founders felt that the site’s mission was critical: to investigate the power and practices of Big Tech. Plus, it was going to do things differently. The Markup is nonprofit newsroom, funded by philanthropists, including more than $20 million from Craigslist founder Craig Newmark. It is data-driven, and only publishes about twice a week, in order to be as … [Read more...] about This news outlet is exposing Big Tech’s practices by building its own tech tools

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Moneycontrol Pro Weekender | Shaktikanta Das refuses to pivot

August 6, 2022 by www.moneycontrol.com

RBI Governor Shaktikanta Das. (File photo) Dear Reader , A day before the monetary policy announcement, the yield on the 10-year bond fell sharply on a media report that the MPC would signal a pause after Friday’s hike. Thankfully, the MPC held firm, refusing to oblige the bond markets. Not only did it increase the repo rate by 50 basis points, but also the MPC signalled more rate hikes in future by refusing to tone down its ‘withdrawal of accommodation’ stance. Much is being made of the fact that the policy rate is now at the pre-pandemic level. At 5.4 percent, the repo rate is now back to where it was in September 2019. But that is n​o big deal. GDP growth was a measly 3.7 percent in 2019-20 compared to RBI’s projection of 7.2 percent in 2022-23; retail inflation was a much lower 4.8 percent in 2019-20, compared to a projected 6.7 percent for 2022-23; the current account deficit was a comfortable 0.9 percent of GDP in 2019-20 as against projections of around 3 percent … [Read more...] about Moneycontrol Pro Weekender | Shaktikanta Das refuses to pivot

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7 Reasons Product Developers Should Attend Trade Shows

March 14, 2019 by www.inc.com

To become truly successful at licensing your new product ideas, you must know the industry you're inventing for like the back of your hand. There's no better way of getting to know an industry than by attending its annual trade show. Between the cost of transportation, lodging, and food, it's true that expenses quickly add up. Plan ahead, because there are numerous benefits. In my opinion, these are among the most significant. 1. The inspiration you receive from checking out the new innovation. I can almost guarantee that you will walk away with new ideas for products. Trade shows are exhilarating! You will feel reenergized. 2. Face-to-face meetings. When you can connect with people in your industry with the click of a button over LinkedIn, does meeting in person still have value? Even more, I'd argue. If your goal is to build a long-term working relationship that benefit both parties, there is simply no replacement for shaking someone's hand and looking them in the … [Read more...] about 7 Reasons Product Developers Should Attend Trade Shows

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What Inventors Need to Know About Trade Shows

May 30, 2018 by www.inc.com

If you're serious about bringing your ideas for products to market, you should absolutely attend trade shows. They're always eye-opening. The only way to truly understand the mechanics of any industry is by attending its trade shows. One guarantee? You'll be overwhelmed. I've attended all kinds of shows over the course of my career as a product developer , including toys, back-to-school, pet, housewares, hardware, electronic, promotional, music, and more. Checking out the latest innovations and making new friends at a trade show never fails to inspire me. But I've also wasted a lot of time attending the wrong shows and not having clearly defined goals. When you're starting out, it's especially important that you make good decisions. Your resources are limited! Preparation is key. At trade shows, I meet inventors who have spent years and tens of thousands of dollars getting ready to show their product to the world. They've paid for a booth and now today's the big … [Read more...] about What Inventors Need to Know About Trade Shows

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How This Entrepreneur Built the Hottest Plush Startup in Years

March 7, 2019 by www.inc.com

After 20 years of being in business, this is what I know for sure: Making customer service a priority is one of your best forms of protection, hands down. What does putting your customer first look like in practice? Asking them about their experience. Answering their questions in a timely manner. Delivering on your promises. Being consistent, truthful, and transparent. Developing products and services that actually solve problems, inspire joy, and then continuing to improve on the experience. Treating each and every person who engages with your brand like a friend. Refusing to settle. Taking responsibility for your mistakes and learning from them. Never forget: Establishing trust takes time, and can be lost in an instant. To build a successful business today, you must truly care about your customer. Few entrepreneurs I know embody this philosophy more wholeheartedly than Marissa Louie , CEO and chief designer of the hit magnetic stuffed animals, Animoodles . The … [Read more...] about How This Entrepreneur Built the Hottest Plush Startup in Years

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Want to Invent Best-Selling Products? Innovate Like the Founder of Scrub Daddy

September 25, 2017 by www.inc.com

Shark Tank star Aaron Krause -- the energetic inventor and founder of the bestselling sponge Scrub Daddy -- has been releasing new products at a relentless clip this year. First, there was Eraser Daddy , Scrub Daddy's take on the famous eraser material popularized by Mr. Clean. Heat-compressed and dual-sided, Eraser Daddy is designed to last longer. Two months ago, he launched Scour Daddy , which improves upon the typical scouring pad that has remained unchanged for decades. It was quickly picked up by every Walmart in the country. Next up came Screen Daddy , a circular microfiber pad for cleaning your electronic devices that you can conveniently store directly on them. It's currently available in Bed Bath & Beyond as well as Kroger stores. Last month, when Krause debuted Daddy Caddy and Sponge Caddy -- plastic containers for storing Scrub Daddy products -- they completely sold out at Bed Bath & Beyond stores. That's not it. On October … [Read more...] about Want to Invent Best-Selling Products? Innovate Like the Founder of Scrub Daddy

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Russia Threatens, EU Reduces, US Industry Helps To Untangle The Natural Gas War In Europe.

July 28, 2022 by www.forbes.com

Share to Twitter Share to Linkedin Both oil and gas exported from Russia bring in significant revenue that can be used to support the Russian war in Ukraine. But the export revenue from oil sales is much greate r than export revenue from gas sales. If the West stops buying oil this really hurts Russia – more than if the West stopped buying gas. Back in May, the EU agreed to ban all Russian oil imports by the end of 2022, at least those that are delivered by sea. That was a good move. Russia threatens to cut gas supplies to the European Union. Russia has realized that cutting natural gas doesn’t affect their export revenue (like oil does) but it affects the economies of EU countries a lot more. Russia supplied the EU with 40% of its gas last year , with Germany, Italy, and Netherlands the top three importers in actual volumes of gas. Germany had imported more than 50% of its gas from Russia via the Nord Stream 1 pipeline. By the end of June, … [Read more...] about Russia Threatens, EU Reduces, US Industry Helps To Untangle The Natural Gas War In Europe.

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